Computershare price target cut

Goldman Sachs has cut its price target on
Computershare
by 6 per cent to $8.50 as it believes that the long-awaited recovery in corporate actions will be delayed, although it kept its “neutral" recommendation on the stock. The broker notes that new floats are being delayed and merger and acquisition activity remains patchy. Goldman’s earnings per share estimates for 2011-12 have been lowered by 2 per cent to 47.1¢.